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Aluminum Smelting Market by Type, End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 141
  • SKU: IRTNTR74372
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The aluminum smelting market share is expected to increase by USD 26.99 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.18%.

This aluminum smelting market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aluminum smelting market segmentation by type (ingots, billets, and wire rods), end-user (transportation, heavy machinery and industrial, construction, and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The aluminum smelting market report also offers information on several market vendors, including AECOM, Alcoa Corp., Aleris International Inc., Altar, Aluminum Crop. of China Ltd., AMAG Austria Metall AG, BlueScope Steel Ltd., Capral Ltd., China Hongqiao Group Ltd., Constellium SE, Garmco, Golden Aluminum, Kaiser Aluminum Corp., Kobe Steel Ltd., Nanshan Group Singapore Co. Pte. Ltd., Norsk Hydro ASA, Novelis Inc., Rio Tinto Ltd, SHOWA DENKO K.K., and United Company RUSAL among others.

What will the Aluminum Smelting Market Size be During the Forecast Period?

Aluminum Smelting Market Size

Download Report Sample to Unlock the Aluminum Smelting Market Size for the Forecast Period and Other Important Statistics

 

Aluminum Smelting Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges. During the COVID-19 pandemic, the demand for the aluminum smelting market has been impacted a lot. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.

Key Aluminum Smelting Market Driver

High demand for aluminum wire rods is one of the major drivers impacting the aluminum smelting market growth. Due to its strength, lightweight, and durability, aluminum is a crucial metal that is used frequently. It is a recyclable material that is used to make foil, smartphones, zippers, and low-emission cars. The metal is also used to create the wiring that connects electrical grids to various end customers, including businesses, apartment complexes, and other types of residential buildings. Aluminum is presently utilized in a multitude of applications due to its versatility, one of which is aluminum wire rods. Aluminum wire rods can be manufactured using several techniques, such as extrusion, rolling, and coiling, or they can be manufactured directly from molten metal. Thus, the increasing use of aluminum wire rods in various industries is expected to drive the growth of the global aluminum smelting market during the forecast period.

Key Aluminum Smelting Market Trend

High demand for lightweight materials is one of the major trends influencing the aluminum smelting market growth. An important new trend is the increasing use of aluminum as a material for structural frames, aircraft and spacecraft body panels, and more. Manufacturers are looking for materials that meet weight reduction goals without compromising the strength needed for automotive, aircraft, and structural construction. Industries such as aerospace and automotive use lightweight materials to reduce the overall weight of aircraft and vehicles and ensure fuel efficiency. One of the main reasons for the increasing importance of aluminum in the automotive industry is its low specific gravity, which helps reduce the average weight of vehicles. Aluminum in auto parts can help reduce weight by up to 24%. Grey cast iron offers advantages such as high wear resistance and vibration damping but has a specific gravity of 7-8. Cast aluminum, on the other hand, has a specific gravity of 2.7-3.0, which helps reduce vehicle weight and provides a better strength-to-weight ratio for enhanced performance. Therefore, the increasing demand for lightweight materials from various industries is expected to boost the growth of the global aluminum smelting market during the forecast period.

Key Aluminum Smelting Market Challenge

Stringent government regulations hampering market growth is one of the major challenges impeding the aluminum smelting market growth. Stringent government regulations on aluminum products are aimed at reducing their environmental impact and have shifted the industry's focus to sustainability. For example, the EN 15530:2008 European standard provides a structure for defining and accounting for the environmental aspects and potential environmental impacts of aluminum products throughout their lifecycle. In addition, the global aluminum smelting market is observing a significant increase in the recycling of aluminum products in various industries, thereby supporting business expansion. Thus, increasing regulations on the smelting process may hinder the global aluminum smelting market during the forecast period.

This aluminum smelting market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global aluminum smelting market as a part of the global diversified metals and mining market within the global materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aluminum smelting market during the forecast period.

Who are the Major Aluminum Smelting Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AECOM
  • Alcoa Corp.
  • Aleris International Inc.
  • Altar
  • Aluminum Crop. of China Ltd.
  • AMAG Austria Metall AG
  • BlueScope Steel Ltd.
  • Capral Ltd.
  • China Hongqiao Group Ltd.
  • Constellium SE
  • Garmco
  • Golden Aluminum
  • Kaiser Aluminum Corp.
  • Kobe Steel Ltd.
  • Nanshan Group Singapore Co. Pte. Ltd.
  • Norsk Hydro ASA
  • Novelis Inc.
  • Rio Tinto Ltd
  • SHOWA DENKO K.K.
  • United Company RUSAL

 

This statistical study of the aluminum smelting market encompasses successful business strategies deployed by the key vendors. The aluminum smelting market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The aluminum smelting market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aluminum Smelting Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the aluminum smelting market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Aluminum Smelting Market?

Aluminum Smelting Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

35% of the market’s growth will originate from North America during the forecast period. The US is the key market for the aluminum smelting market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The rising demand for aluminum wire rods, particularly in the US and Canada, will facilitate the aluminum smelting market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the COVID-19 outbreak adversely affected the growth of the global aluminum smelting market in the region. The market witnessed a decline due to disruptions in raw material supplies and lockdowns imposed in all countries. This led to a halt in the production of cars, which negatively impacted the production of and demand for new vehicles. This resulted in a decrease in the demand for aluminum among end-users in 2020. Companies cut aluminum production due to the restrictions imposed during COVID-19. However, the introduction of COVID-19 vaccines led to a decline in the number of COVID-19 cases in 2021. This resulted in the lifting of lockdown restrictions and the resumption of industrial operations. Such factors are expected to increase the demand for aluminum, which, in turn, will drive the growth of the regional aluminum smelting market during the forecast period.

What are the Revenue-generating Type Segments in the Aluminum Smelting Market?

Aluminum Smelting Market Share

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The aluminum smelting market share growth in the ingots segment will be significant during the forecast period. Rapid industrialization in both developed and developing countries and an increase in construction and renovation activities across the world, coupled with the wide applicability of aluminum ingots in the construction industry to produce windows, watertight doors, mesh doors, etc., are expected to drive the growth of the global aluminum smelting market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum smelting market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Aluminum Smelting Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.18%

Market growth 2022-2026

$26.99 billion

Market structure

Fragmented

YoY growth (%)

3.68

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Performing market contribution

North America at 35%

Key consumer countries

US, China, Japan, France, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AECOM, Alcoa Corp., Aleris International Inc., Aluar, Aluminum Crop. of China Ltd., AMAG Austria Metall AG, BlueScope Steel Ltd., Capral Ltd., China Hongqiao Group Ltd., Constellium SE, Garmco, Golden Aluminum, Kaiser Aluminum Corp., Kobe Steel Ltd., Nanshan Group Singapore Co. Pte. Ltd., Norsk Hydro ASA, Novelis Inc., Rio Tinto Ltd, SHOWA DENKO K.K., and United Company RUSAL

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Aluminum Smelting Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive aluminum smelting market growth during the next five years
  • Precise estimation of the aluminum smelting market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum smelting industry across North America, Europe, APAC, South America, the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum smelting market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 25: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 27: Chart on Comparison by Type
      • Exhibit 28: Data Table on Comparison by Type
    • 5.3 Ingots - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Ingots - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Data Table on Ingots - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Chart on Ingots - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Ingots - Year-over-year growth 2021-2026 (%)
    • 5.4 Billets - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Billets - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Data Table on Billets - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Chart on Billets - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Billets - Year-over-year growth 2021-2026 (%)
    • 5.5 Wire rods - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Wire rods - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Data Table on Wire rods - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 39: Chart on Wire rods - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Wire rods - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 41: Market opportunity by Type ($ billion)

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 42: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on End-user - Market share 2021-2026 (%)
    • 6.2 Comparison by End-user
      • Exhibit 44: Chart on Comparison by End-user
      • Exhibit 45: Data Table on Comparison by End-user
    • 6.3 Transportation - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Transportation - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Transportation - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Transportation - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Transportation - Year-over-year growth 2021-2026 (%)
    • 6.4 Heavy machinery and industrial - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Heavy machinery and industrial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Heavy machinery and industrial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Heavy machinery and industrial - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Heavy machinery and industrial - Year-over-year growth 2021-2026 (%)
    • 6.5 Construction - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Construction - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Construction - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Construction - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Construction - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 62: Market opportunity by End-user ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 66: Chart on Geographic comparison
      • Exhibit 67: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 France - Market size and forecast 2021-2026
      • Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 Japan - Market size and forecast 2021-2026
      • Exhibit 104: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 105: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 106: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 108: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 11.3 Alcoa Corp.
              • Exhibit 115: Alcoa Corp. - Overview
              • Exhibit 116: Alcoa Corp. - Business segments
              • Exhibit 117: Alcoa Corp. - Key offerings
              • Exhibit 118: Alcoa Corp. - Segment focus
            • 11.4 Aleris International Inc.
              • Exhibit 119: Aleris International Inc. - Overview
              • Exhibit 120: Aleris International Inc. - Product / Service
              • Exhibit 121: Aleris International Inc. - Key offerings
            • 11.5 China Hongqiao Group Ltd.
              • Exhibit 122: China Hongqiao Group Ltd. - Overview
              • Exhibit 123: China Hongqiao Group Ltd. - Product / Service
              • Exhibit 124: China Hongqiao Group Ltd. - Key offerings
            • 11.6 Constellium SE
              • Exhibit 125: Constellium SE - Overview
              • Exhibit 126: Constellium SE - Business segments
              • Exhibit 127: Constellium SE - Key news
              • Exhibit 128: Constellium SE - Key offerings
              • Exhibit 129: Constellium SE - Segment focus
            • 11.7 Golden Aluminum
              • Exhibit 130: Golden Aluminum - Overview
              • Exhibit 131: Golden Aluminum - Product / Service
              • Exhibit 132: Golden Aluminum - Key offerings
            • 11.8 Kobe Steel Ltd.
              • Exhibit 133: Kobe Steel Ltd. - Overview
              • Exhibit 134: Kobe Steel Ltd. - Business segments
              • Exhibit 135: Kobe Steel Ltd. - Key offerings
              • Exhibit 136: Kobe Steel Ltd. - Segment focus
            • 11.9 Norsk Hydro ASA
              • Exhibit 137: Norsk Hydro ASA - Overview
              • Exhibit 138: Norsk Hydro ASA - Business segments
              • Exhibit 139: Norsk Hydro ASA - Key offerings
              • Exhibit 140: Norsk Hydro ASA - Segment focus
            • 11.10 Novelis Inc.
              • Exhibit 141: Novelis Inc. - Overview
              • Exhibit 142: Novelis Inc. - Business segments
              • Exhibit 143: Novelis Inc. - Key offerings
              • Exhibit 144: Novelis Inc. - Segment focus
            • 11.11 Rio Tinto Ltd
              • Exhibit 145: Rio Tinto Ltd - Overview
              • Exhibit 146: Rio Tinto Ltd - Business segments
              • Exhibit 147: Rio Tinto Ltd - Key news
              • Exhibit 148: Rio Tinto Ltd - Key offerings
              • Exhibit 149: Rio Tinto Ltd - Segment focus
            • 11.12 United Company RUSAL
              • Exhibit 150: United Company RUSAL - Overview
              • Exhibit 151: United Company RUSAL - Business segments
              • Exhibit 152: United Company RUSAL - Key offerings
              • Exhibit 153: United Company RUSAL - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 154: Inclusions checklist
                • Exhibit 155: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 156: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 157: Research methodology
                • Exhibit 158: Validation techniques employed for market sizing
                • Exhibit 159: Information sources
              • 12.5 List of abbreviations
                • Exhibit 160: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Aluminum Smelting market growth will increase by $26.99 billion during 2022-2026.
              The aluminum smelting market is expected to grow at a CAGR of 4.18% during 2022-2026.
              Technavio has segmented the aluminum smelting market by geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              AECOM, Alcoa Corp., Aleris International Inc., Aluar, Aluminum Crop. of China Ltd., AMAG Austria Metall AG, BlueScope Steel Ltd., Capral Ltd., China Hongqiao Group Ltd., Constellium SE, Garmco, Golden Aluminum, Kaiser Aluminum Corp., Kobe Steel Ltd., Nanshan Group Singapore Co. Pte. Ltd., Norsk Hydro ASA, Novelis Inc., Rio Tinto Ltd, SHOWA DENKO K.K., United Company RUSAL are a few of the key vendors in the aluminum smelting market.
              North America will register the highest growth rate of 34.73% among the other regions. Therefore, the aluminum smelting market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the aluminum smelting market growth are:
              • High demand for aluminum wire rods
              • High demand for lightweight materials
              The aluminum smelting market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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